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Technical Bounce Supported by War and Weather | Channel Final Bell with Mike Zuzulo
Published 2 weeks, 6 days ago
Description
Technical support helped to bounce corn and soybean futures, which then rallied with strong export numbers and weather concerns headed into July.
Iran has attacked ships in the Strait of Hormuz once again, sparking a reversal in crude oil futures.
Cattle futures chopped along today, pressured by higher corn while waiting for any cash trade to develop.
Mike Zuzulo with Global Commodity Analytics recaps today's trade.